The Guernsey House Price Index Q3 2015

In the third quarter of 2015 the mix adjusted average purchase price for local market properties in Guernsey was:

£446,519

This figure is 2.2% higher than the previous quarter but 4.2% lower than the same quarter of 2014. During the third quarter of 2015 saw 149 local market transactions, 23 (18,3%) more than the previous quarter but 12 (7.5%) fewer than in the same quarter of 2014.

The raw median price (realty only) of the 15 open market transactions in the third quarter of 2015 was £872,500, compared with £1,116,250 in the third quarter of 2014, when there were 10 transactions.

Top Stats

The below shows the movement of the average property prices and transactions across both Guernsey and Jersey.

Guernsey (Q3 2015)

Jersey (Q3 2015)

Average Property Price: £446,519 (Mix Adjusted)

Average Property Price: £452,877

Change from previous quarter: + 2.2%

Change from previous quarter: + 2.0%

Number of transactions: 149

Number of transactions: 296

Change from previous quarter: + 23

Change from previous quarter: - 32

Skipton International House Price Index Q3 2015 - Guernsey

Skipton International House Price Index Q3 2015 - Guernsey + Jersey

Summary of main points

During the third quarter of 2015 the average mix adjusted property price in Guernsey rose by £9,548 (2.2%) to £446,519 with the average property price in Jersey increasing by £28,887 (6.8%) to £452,877 which is now higher than Guernsey for the first time since 2011. London house prices have continued to rise and are now very close to the average house prices in Guernsey and Jersey.